Today's and Tomorrow's Electricity Prices: Getting Paid to Use Electricity?

Richard Andersson - Sun, 12 May 2024 - 11:01

Electricity prices

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Today's and Tomorrow's Electricity Prices: An Overview

Today, we have witnessed an unusual situation in the electricity market where consumers have actually been paid to use electricity during certain hours. This unique event marks an important milestone in how electricity prices can vary and what factors affect them.

The Rollercoaster of Electricity Prices Today

During the early morning hours, we saw prices around 0.29 SEK/kWh, but prices dropped dramatically during the morning, reaching negative values. Between 09:00 and 15:00, consumers were paid to consume electricity, with the lowest price at -0.08 SEK/kWh at 13:00.

Forecast for Tomorrow

For tomorrow, electricity prices are expected to stabilize somewhat, with prices ranging between 0.01 SEK/kWh and 0.67 SEK/kWh. The most expensive hour is expected to be between 07:00 and 08:00, while the cheapest price is expected to appear again around lunchtime.

Financial Tips: When Should You Use Electricity?

With today's unique price scenario, consumers can actually benefit from using electricity during certain hours. Charging your electric car, running the dishwasher, or taking a shower during these hours can significantly reduce monthly costs. For example, charging an electric car today between 14:00 and 15:00 actually cost -4.62 SEK, meaning you were paid to charge the car!

Interesting Facts About Electricity Prices

If we had today's lowest electricity prices year-round, it would have cost -13.88 SEK to heat a typical 160 sqm house for an entire year, highlighting the potential in efficient energy use and timing.

Fun Fact: Costs of Household Activities

During the cheapest hours today, taking a shower cost less than a krona, and playing games on the computer was almost free. These small insights can be very helpful in planning your energy usage more economically.

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Sweden's CPIF inflation

1,50 % +0.4%

Sweden's policy rate

2.75 % -0.5%

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1 057 931 555 266KR

Electricity prices Sunday, 12 May 2024